UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15432 / August 5, 1997

     SEC V. INSNET WORLD COMMUNICATIONS, INC.
     H-97-2525 (USDC/ND TX Houston Division)

          The Securities and Exchange Commission ("Commission") announced
today
     the filing of a complaint on July 28, 1997 against Insnet World
     Communications, Inc., Frank Bravo, Jr. ("Bravo"), Jose Manuel Diaz
Salin,
     Scofield C. Berthelot, Jr. and SCB Resources, Inc., seeking emergency
     relief in the form of a temporary restraining order, asset freeze,
     preliminary and permanent injunctions, and other relief.  In its
complaint,
     the Commission alleges that the defendants are engaged in ongoing
     violations of the antifraud and securities registration provisions of
the
     federal securities laws.  Honorable Kenneth M. Hoyt granted the full
ex
     parte relief sought by the Commission and set a hearing on the
Commission's
     motion for preliminary injunction for August 7, 1997.

          The Commission's complaint alleges that the defendants are engaged
in
     an ongoing fraudulent offer and sale of unregistered securities in the
form
     of promissory notes issued by Insnet, the proceeds of which are
purportedly
     used to purchase bulk long distance telephone time from major
satellite
     suppliers and directly distribute prepaid telephone calling cards to
the
     public.  It is further alleged that, since October 1995 to the present,
the
     defendants have fraudulently raised at least $4.8 million from the sale
of
     such securities to at least 216 investors residing in approximately
38
     states.  Moreover, instead of using the funds to purchase long
distance